MN22164: Intermediate business analytics
[Page last updated: 09 August 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | School of Management |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Semester 1
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| Assessment Summary: | CWES 100% |
| Assessment Detail: |
- Forecasting analysis and report of a business problem (CWES 50%)
- Application of multivariate statistical methods and optmisation/simulation techniques (CWES 50%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take MN12007 OR take ES12010 OR take MA12009 OR take MA10213
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| Learning Outcomes: |
- Recognise the role that analytics techniques can play in the solution of management problems and identify problems that are amenable to these techniques.
- Identify appropriate forecasting methods for managerial problems.
- Apply and evaluate the performance of forecasting methods.
- Develop the ability to assess the strengths and limitations of any given analytics application.
- Communicate effectively with specialists in management science and operational research.
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| Synopsis: | Advance skills in business analytics to gain an understanding of how modern techniques can support and improve business decision making by yielding information and insights and suggesting solutions to multi-faceted problems. Through lectures and seminars, you will work on various forecasting techniques used in a business context and methods to evaluate these, explore multivariate statistical methods to address business decisions, and develop skills on simulation and optimisation techniques.
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| Content: | Likely topics for this unit include:
The role of analytics in organisations
Measuring bias and accuracy in forecasting
Time series analysis
Univariate forecasting methods
Explanatory forecasting methods
Multivariate statistical methods to support managerial decisions
Optimisation methods
Simulation and queueing models
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| Course availability: |
MN22164 is Optional on the following courses:
School of Management
- UMMN-AFB11 : BSc(Hons) Accounting and Management (Year 2)
- UMMN-AKB11 : BSc(Hons) Accounting and Management with work placement (Year 2)
- UMMN-ANB07 : BSc(Hons) Business with Thin sandwich placement(s) (Year 3)
- UMMN-AKB13 : BSc(Hons) International Management with year abroad (Year 2)
- UMMN-AFB14 : BSc(Hons) Management (Year 2)
- UMMN-AKB15 : BSc(Hons) Management with Marketing with work placement (Year 2)
- UMMN-AKB14 : BSc(Hons) Management with work placement (Year 2)
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Notes: - This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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